Avon Protection Share Discussion Threads

[p1nkfish] 16/8/2021 13:49

They can change "current" as the picture clears but I don't see much chance of that being upward, more likely as is or down. Probability of "down" is my concern and that's not zero probability imho.

[p1nkfish] 16/8/2021 13:47

Looking over it as I am interested.
The "unknown" is if they will maintain FY23 guidance.

My experience is wording matters. Maintaing current FY23 guidance is a concern.

"CURRENT guidance", expecting all problems to be out of the way in FY22 may be a bit optimistic as elsewhere, related to semicondutors, some are saying problems into 2023 as they are having to cope with complex broken supply chains, price increases across the board along with increased goods demand and over-ordering by some segments as they panic. Some of the fabless suppliers are being treated poorly as the big boys are prioritised.

Depends on who AVON are dependent upon.

"maintaining current guidance for FY23."

[pipeline1] 16/8/2021 13:34

Feels like this is heading sub £20 before any support. Could go much lower. How the hell was it ever a ~£2bn market cap biz? Makes me wonder if investors got totally confused and thought there was some kind of Covid angle given they make breathing apparatus?

[p1nkfish] 16/8/2021 13:01

A few with burnt fingers won't be coming back anytime soon until there is proof the problems are well behind them and business stabilised.

You do have to ask yourself what controls and communications they have in place as neither looked to have worked at all well.

One thing to be a victim of externals, another not to realise the situation early on and let the market know.

Management!

[12toes] 16/8/2021 12:28

Down again that was sooooooo obvious And the loser that calls himself Warren Buffett 73 bought more on Friday Hilarious absolutely hilarious BWAHAHAHA

[p1nkfish] 16/8/2021 05:31

Looks pretty certain there is no quick recovery here. A long road back to being a darling.

Management need a shake-up to wake-up, news could have been released in a better fashion & earlier imho.

Can imagine it crashing through the 1670 level if they're not lucky.

Earnings will be hit for quite a while.

[buywell3] 16/8/2021 03:34

Skid marks on this chart imo



free stock charts from uk.advfn.com


Wonder if this got read much ?



Supply chain disruptions seem to be very much en vogue

[hawaly] 15/8/2021 16:50

LOL

😎

GLA

[jans3] 15/8/2021 15:49

That's 'lose' not loose

[warrenbuffet73] 14/8/2021 21:03

Could be worth £30-£40 a share in a bid situation easily. Meggitt been bought at a 70% premium and share price was doing better than ours

[warrenbuffet73] 14/8/2021 20:56

Forget the P/E for now. This is based on forward earnings. Meggit stood higher than this. Why? Defence is very high margin work and recession proof that’s why this will command higher than average multiples

[disc0dave45] 14/8/2021 15:27

Some quick numbers and I still have this on a forward PE of 28, falling to about 23 the following year. So still a bit tasty given more warnings could be down the road, quality company though and did hold previously (sold at £37.75 last Dec as thought it was getting ahead of itself and organic growth had slowed), so will keep watching.

[disc0dave45] 14/8/2021 14:24

"Operating profit in single digits.Just ?3M for H1?"What?

[p1nkfish] 14/8/2021 14:11

Will take a while for this to be forgotten and forgiven. Have had experience of it elsewhere. A right pain.

[p1nkfish] 14/8/2021 14:08

Templeton bought in at an unlucky time.

[luderitz] 13/8/2021 21:00

My word the share price took a real slapping today didn’t it.

[justiceforthemany] 13/8/2021 18:21

Operating profit in single digits.
Just £3M for H1?
P/E is around 150
Yes well over a hundred which is ridiculous

[medieval blacksmith] 13/8/2021 17:38

Part of the problem seems to be a ridiculously high PE in the first place. The correction has put it into a sensible - but still reasonably high PE - but the financials seem OK and strong enough to ride problems. I only make this comment on a few hours viewing so long-termists might want to shed a little more light on the qualitative side.

In for 2% of portfolio and it will stay that way for the time being and for longer if it heads back into high PE territory.

[pugugly] 13/8/2021 16:58

Damage was done by massive volume in first hour of trading -but bottom fishers do not seem to have been able to garner enough volume to hold the initial bounce with a continuous slow deline from the bounce though closed significanly above the early low -

Agreed may well have hit the vultures watch lists this morning but like most vultures they will now be circling and watching to see if mortally wounded and therefore ripe for eating or will still have enough strength to escape their clutches.

[medieval blacksmith] 13/8/2021 16:35

Yes I am. You can go now, you're dismissed. :)

[12toes] 13/8/2021 16:26

Loser BWAHAHAHA

[medieval blacksmith] 13/8/2021 15:58

Opportunity to buy in - which I have done.